Home / Knowledge / News / Textiles / Chinese trade balance turns negative for first time in six years
Chinese trade balance turns negative for first time in six years
Apr '11
China registered a deficit of US $1.02 billion in its foreign trade in the first quarter of this year. This fact was revealed by China General Administration of Customs.

Though China's exports and imports registered a growth of nearly 30 percent in the first quarter, it was the first time that China witnessed a trade deficit in any quarter in the last six years.

As per data released by China Customs, China's total foreign trade was worth US $800.3 billion in the first quarter this year, recording an increase of 29.5 percent, year on year.

Exports amounted to US $399.64 billion while imports fetched US $400.66 billion. China's exports jumped by 26.5 percent, while imports registered an increase of 32.6 percent for the same period.

In March, China recorded an increase of 35.8 percent in exports, delivering goods worth US $152.2 billion. On the import front, it spent US $152.06 billion, 27.3 percent more compared to March of the previous year.

Analyzing China's foreign trade, researcher Li Jian points out a basic balance between its imports and exports. Experts believe that this basic balance will effectively alleviate the pressure of RMB appreciation.

China has implemented a new policy to stabilize exports and expand imports and due to this policy, China has achieved a basic balance between imports and exports. Li works with International Trade and Economic Cooperation Academe under the Ministry of Commerce.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search